Here are the news articles you might find interesting today for commercial real estate and business:
KDC Breaks Ground on 16,000-SF Medical Office Building (information about a new development in Chandler) KDC broke ground June 15 on a 16,600-square-foot medical facility for Texas Health Presbyterian Rockwall. Upon completion, the medical office building will contain an emergency room, diagnostic and laboratory resources and space for physician offices. View article…
Construction begins at Pioneer Park in Peoria Tractors are digging up dirt for what by next fall should be Peoria’s largest community park. A recent groundbreaking ceremony took place with about 50 people in attendance. The 80-acre park will be near Olive and 83rd avenues. View article…
Investing in Distressed Debt The investment opportunities presented by the mountain of distressed debt now on the books of lenders of all stripes continues to be both a major inducement and a considerable irritant to would-be investors. Richard Saltzman, president of Colony Capital, chaired a refreshingly frank exploration of the topic at the ULI Capital Markets Conference held in Manhattan in June. View article…
Checking Into ULI’s 1977 Heritage Award Winner, the Arizona Biltmore The Arizona Biltmore, often called the “Jewel of the Desert,” was awarded the ULI Heritage Award for architectural integrity, landscaping, and high quality of service in 1997. The award was given not just because the hotel’s personnel have closely maintained records of all the well-known people who visited the hotel over its 83-year history, but because as the property has expanded over the decades, its owners have been able to maintain the Frank Lloyd Wrightinfluenced vision that made the resort famous. View article…
Passenger traffic, cargo volume dip at Phoenix Sky Harbor Passenger and cargo traffic at Phoenix Sky Harbor International Airport dropped in April compared to 2011 levels, according to the latest numbers from airport managers. More than 3.37 million passengers flew in and out of Sky Harbor in April. That is down from 3.44 million passengers in April 2011, according the city of Phoenix, which runs the airport. View article…
Arizona builders see trend of larger houses Builders are making bigger homes in the U.S. as the housing market rebounds, according to a new study of building data. It’s a trend some local builders say is occurring in Arizona. The typical single-family home in the U.S. grew by 4.6 percent last year, according to new data released by the U.S. Census Bureau. View article…
C.A.R.: Housing Sales Up in May, Inventory Still a Concern The housing market in California looked mostly sunny in May with strong sales and stabilizing home prices, the California Association of Realtors (C.A.R.) reported Friday. A release from C.A.R. showed that home prices in the state posted gains for the third consecutive month, and home sales finished well above last year’s pace. View article…
CURRENT FOR SALE OPPORTUNITIES:
Bella Vista Retail Center (IN ESCROW-ACCEPTING BACK UP OFFERS) Investment, multi-tenant retail center. For a brochure, click here…
NEW: Former SunTykes Property in Tempe Arizona – Owner/User Opportunity. For more information, click here…
NEW: Freestanding Auto in Mesa, Arizona – Owner/User Opportunity. For more information, click here…
+/- 43,000 SF Leased Industrial Building in Southern Gardens – Single Tenant Investment opportunity. For more information, click here…
2 Industrial Condos in Bahia Business Park (UNIT 104-IN ESCROW – 105 Still available) Owner/User opportunity to purchase 1 or both industrial condos. For more information, click here…
Former TDC Corp HQ – 6515 S Rural Road, Tempe, AZ (IN ESCROW-ACCEPTING BACK UP OFFERS) – Former Corporate HQ for TDC in Tempe, AZ For Sale. For more information, click here…
7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity. For a brochure, click here…
6677 W Thunderbird – BANK OWNED – Grey shell office condo in Glendale. For a brochure, click here…
Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park. For a brochure, click here…
2 Acres of Land – Owner/User opportunity to purchase 2 acres of land off of I-10 & 40th Street. For a brochure, click here…
3.64 Acres of Land – BANK OWNED – Infill Development opportunity in Surprise. For a brochure, click here…
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.